AUDUSD on a retracement move 🦐
Updated
AUDUSD on the 4h chart is trading at the recent lows.
The price has started a choppy move between an ascending trendline and a minor resistance and a retracement to the upside can be expected.
How can i approach this scenario?
I will wait for the break of the structure and if the price will satisfy the Plancton's strategy rules i will set a nice long order.
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Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The price has started a choppy move between an ascending trendline and a minor resistance and a retracement to the upside can be expected.
How can i approach this scenario?
I will wait for the break of the structure and if the price will satisfy the Plancton's strategy rules i will set a nice long order.
–––––
Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
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